Live & Learn LLC EIN 81-4449372

Live & Learn LLC FY2022 filing

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Empowers entrepreneurs, solves community problems, and provides service. For fiscal year 2022 it reported $95K in revenue, $94K in expenses, and $771 in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Jamestown, RI
Website
www.liveandlearnri.com
Filings
5 on file (2021–2022)
Revenue
$95KFY2022
Expenses
$94K
Net assets
$771
People
4
Filings
5
Updates
0
More identity details & actions ⌄
EIN  81-4449372 Public charity (501(c)(3)) Jamestown, RI
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
Empowers entrepreneurs, solves community problems, and provides service.
Leadership
Gina Malloy JD · Executive Director · $38K
Money in and out
$95K revenue, $94K expenses
Bottom line
53% program efficiency
Where the money goes · FY2022
Total revenue
$95K
Pt VIII · Ln 12
Total expenses
$94K
Pt IX · Ln 25
Net assets
$771
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $771
Where spending went · Part IX cols B–D
Program services $0.53 Management & general $0.47
Program efficiency
53%
of spending reaches programs
Operating runway
2.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
+0.8%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$95K
FY2022▲ +61%
Expenses
$94K
FY2022
Total assets
$15K
FY2022
Total liabilities
$15K
FY2022
Total revenue
$95K
Pt VIII · Ln 12
Total expenses
$94K
Pt IX · Ln 25
Net assets
$771
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$771
Total assetsPt X · Ln 16$15K
Program-expense ratioPt IX · col B53%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

3 program services account for $50K of program spending, described in the organization's own filed words · FY2022.
01

The Junior Entrepreneurship program teaches children in grades K-4 business basics and works with them to perform community service, baking and donating food and meals to shelters and organizations, growing flowers and greens to donate. Serves approximately 6000.

$30Kprogram expense
02

The Relay Recycling program offers Jamestown residents and visitors an avenue to recycle items not allowed in municipal collection. By partnering with third party vendors, Live & Learn offers 30 free recycling streams and a pay-as-you-go stream through Terracycle. Serves approximately 6000.

$20Kprogram expense
03

The Robotics program created a fourth grade team in the Lego Robotics competition, learning teamwork, coding and project-based strategy. Served 8.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLive & Learn LLC
EINHdr · item D81-4449372
Principal addressHdr · item CJamestown, RI
WebsiteHdr · item Jwww.liveandlearnri.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MRI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFJan 2021

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$38,500Pt VII · Sec A
Board President
$0Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A

Gina Malloy Jd’s $30K as Executive Director is at the 75th percentile of top reported officer pay among 144 <$100K education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Gina Malloy Jd$30,500$50,000$50,000$38,500$24,680

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$75K · 79%
Contributions & grants$20K · 21%
Program service revenue79%$75K
Contributions & grants21%$20K
Total revenueLn 12$95K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.53 Management & general $0.47
Program services53%$50K
Management & general47%$44K
Total functional expensesLn 25$94K

Balance Sheet

Part X · end of year
CashLn 1$15K
Total assetsLn 16$15K
Total liabilitiesLn 26$15K
Total net assetsLn 32$771
Months of cash on handcomputed2.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $15K · Operating expenses/yr $94K
2.0 months
Where the money goes
Program services
Program services $50K · Total expenses $94K
53%
Management & General
Management & general $44K · Total expenses $94K
47%
Fundraising
Fundraising $0 · Total expenses $94K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $20K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $20K · Total revenue $95K
21%
Government reliance
Government grants $0 · Total revenue $95K
0%
Earned-income share
Program service revenue $75K · Total revenue $95K
79%
Investment reliance
Investment income $0 · Total revenue $95K
0%
Program self-sufficiency
Program service revenue $75K · Total expenses $94K
80%
Growth & trend
Revenue growth (YoY)
This year $95K · Prior year $59K
+61%
Net-asset trend (YoY)
End of year $771 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $95K · Expenses $94K
+0.8%
Liabilities-to-Assets
Total liabilities — · Total assets $15K
Net-asset ratio
Net assets $771 · Total assets $15K
5%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $15K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Gina Malloy Jd · Reported title Executive Director · Highest reported compensation $38K · Total expenses $94K
41%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $61K · Total expenses $94K
64%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 53%
Overhead ratio 47%
Fundraising cost ratio 0%
Revenue growth 61%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$22K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$90K revenue · ⤓ 990 PDF
FY2024$104K revenue · ⤓ 990 PDF
FY2023$95K revenue · ⤓ 990 PDF
FY2022$95K revenue · viewing · ⤓ 990 PDF
FY2021$59K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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